Old Dominion’s 2Q Earnings Improve
Old Dominion Freight Line said its second-quarter profit rose to $23.9 million, or 64 cents a share, from $22.5 million, or 60 cents, a year ago.
Revenue rose 16.2% to $417.8 million, the less-than-truckload carrier said Thursday.
“Our revenue growth for the quarter primarily resulted from a 10.2% increase in tonnage, which slightly exceeded our expectations at the beginning of the quarter,” Executive Chairman Earl Congdon said in a statement.
Old Dominion Freight Line is ranked No. 20 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
